11/5/23. Thursday Evening Finspiration Report.
Minimal movement in the XJO today, -0.05%.
STW (a tracking ETF for the XJO) has finished at the same level for three days in a row.
STW is in a sideways consolidation pattern beneath the 20-Day MA. This is in spite of last night's better than expected inflation report. Investors have largely ignored that data. A bit surprising. Investors seem to think that Central Banks will continue to tighten despite the good inflation numbers.
European stocks in early trading on Thursday are up modestly. Euro STOXX600 +0.37%.
Dow Futures are up a little +0.11%.
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